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Fortescue Metals Group says it is confident it will find enough customers for its iron ore when it ramps up annual production to 155 million tonnes from next year. Australia's third largest iron or..
Analysts are revising downwards their forecasts for Rio Tinto's full year profit amid a continued easing in prices even though the mining giant has reported record annual iron ore production. Rio T..
Optus has appointed the former head of British mobile phone operator Hutchison Three as its chief operating officer in Australia. Kevin Russell was credited with turning around the Hutchison Three ..
Uranium miner Paladin Energy says it achieved record production in the three months to December and has re-affirmed its full-year production targets. Paladin shares rose significantly on the update..
A roundup of trading on major world markets: NEW YORK - Wall Street was closed for the Martin Luther King public holiday. LONDON - Europe's leading stock markets shrugged off a wave of ratings d..
Ratings agency Standard & Poor's says it has downgraded the creditworthiness of the eurozone's bailout fund by one notch to AA+. The downgrade, which follows ratings cuts for AAA-rated France a..
Stocks to watch on the Australian stock exchange early on Tuesday: DJW - DJERRIWARRH INVESTMENTS LTD - up three cents at $3.73 MIR - MIRRABOOKA INVESTMENTS LTD - up 0.5 cents at $1.795 Two li..
Linc Energy says it is in talks regarding new gas opportunities in China. The Brisbane-based business, which is focused on underground coal gasification (UGC) and gas-to-liquids (GTC) technologies,..
Fortescue Metals Group is considering developing its North Star magnetite iron ore project in Western Australia as a joint venture. Fortescue last year indicated that it may spin off its magnetite ..
Australian shares end sharply lower after a mass downgrade of European bloc countries' credit ratings took the wind out of investor's winning streak. Stocks fell more than one percent from their hi..
Leighton shares gained over four per cent after the construction giant said its first half profit would come in higher than forecast. Leighton said improved earnings from its Australian and Asian o..
Government reforms to the way financial planners give advice could cost consumers almost $100 in extra fees, according to figures from the industry body. Under government plans to overhaul the fina..
The number of home loans approved in November has beaten market expectations and the prospects for 2012 look good, economists say. The Australian Bureau of Statistics (ABS) on Monday said the numbe..
Australia is set for a higher rate of unemployment in 2012, new figures show. The number of job advertisements on the internet and in newspapers fell 0.9 per cent in December compared with the prev..
Property developer Stockland says it has acquired a parcel of land in Sydney's northwest growth corridor with the potential for about 2,300 new homes. Stockland bought the 163-hectare site in Marsd..
Consumer prices rose in December after falling in November, as the cost of holidays and housing purchases increased. The TD Securities-Melbourne Institute inflation gauge rose 0.5 per cent in Decem..
A roundup of trading on major world markets: NEW YORK - US stocks clawed back early sharp losses on S&P's downgrade of France, Spain, Austria and Italy and new worries over Greece Friday, but s..
America's retailers enjoyed a record 2011 and their first $US400 billion ($A389 billion) sales months ever. But the final month of the year was a dud. Sales eked out a 0.1 per cent increase in Dece..
Santos has confirmed it will develop the $490 million Fletcher Finucane oil project in the Carnarvon Basin off the northwest coast of Western Australia. First production was expected in the second ..
Stocks to watch on the Australian stock exchange on Friday: BHP - BHP BILLITON LTD - up 19 cents, or 0.53 per cent, at $36.37 FMG - FORTESCUE METALS GROUP LTD - down three cents, or 0.64 per cen..
Negotiators on Thursday reached an outline deal on a European pact to restore balanced budgets and Greece voiced hope it will secure a private debt write-down, as Italy and Spain sailed through their ..
US stocks have opened higher, tracking the rises in European markets while shrugging off some disappointing data on retail sales and jobless claims. Five minutes into trade on Thursday, the Dow Jon..
Australian shares finished slightly lower after a surprise profit warning from QBE Insurance and disappointing data from China weighed on prices. Shares in the insurance giant plummeted to eight ye..
A record year for natural disasters has caused insurance giant QBE to issue the year's first major profit downgrade, sending its shares to a near eight-year low. QBE's sizeable exposure to floods i..
Engineering giant WorleyParsons has won a contract for work in Alaska with ExxonMobil estimated to be worth $US115 million ($A111.80 million). WorleyParsons will provide project management and engi..
